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Topic: Miners Boycot Ghash.io ! (Read 3987 times)

member
Activity: 98
Merit: 10
Village Idiot
January 26, 2014, 01:21:06 AM
#53
PS.  You don't know how to read military time.

I think you should take a closer look at what you posted.
sr. member
Activity: 447
Merit: 250
January 26, 2014, 12:11:00 AM
#52
You still have not said how much your miner cost and how much you lost mining. LOL
PS.  You don't know how to read military time.
member
Activity: 98
Merit: 10
Village Idiot
January 25, 2014, 11:58:37 PM
#51
that is just in 3 hours mining for free

You're showing 20 cents over nine hours, actually.

Einstein

Oooh, ouch.

?...how much did you pay for your miner and how much did you mine out of it?  LOL.

How much electricity do you use watching your 53 cents per day accumulate?

Oh, BTW, what's the minimum withdrawal threshold from cex.io? And what's the transaction fee?

Yeah.
sr. member
Activity: 447
Merit: 250
January 25, 2014, 11:13:57 PM
#50
For me I trade them for profit and mine for free. All mined with free ghs.


Congratulations! You've got BTC0.00024981 there. At the current exchange rate, that's in the neighborhood of 20 cents USD.

Truly remarkable.

that is just in 3 hours mining for free, did you expect me to post a mile long picture of all my mining Einstein?...how much did you pay for your miner and how much did you mine out of it?  LOL.
member
Activity: 98
Merit: 10
Village Idiot
January 25, 2014, 10:50:37 PM
#49
For me I trade them for profit and mine for free. All mined with free ghs.


Congratulations! You've got BTC0.00024981 there. At the current exchange rate, that's in the neighborhood of 20 cents USD.

Truly remarkable.
sr. member
Activity: 447
Merit: 250
January 25, 2014, 10:00:51 PM
#48
LOL, I would bet on there being plenty of what you call math challenged ppl still around or what I call normal people, after all, if people bought things just based on math and ROI the economy of every free country in the world would come to a screeching halt. It would be the end of free enterprise.

Well, I think we've discovered the problem! If those people are what you call "normal", you're most probably one of "them". That makes you retarded, in my professional opinion.

In my opinion, that makes you a freak.  Only buying things with a positive ROI. I guess you don't own a car, nor a TV, neither do you go to the movies. Nice life.

Seriously? You're going to try to say that because other stuff doesn't ROI, GHs purchased on cex.io don't have to either? That's actually your angle here?

Okay, this should be fun:

Cars and televisions serve a specific utility purpose. What utility purpose, pray tell, do GHs shares on cex.io serve?

For me I trade them for profit and mine for free. All mined with free ghs.
member
Activity: 98
Merit: 10
Village Idiot
January 25, 2014, 09:43:47 PM
#47
LOL, I would bet on there being plenty of what you call math challenged ppl still around or what I call normal people, after all, if people bought things just based on math and ROI the economy of every free country in the world would come to a screeching halt. It would be the end of free enterprise.

Well, I think we've discovered the problem! If those people are what you call "normal", you're most probably one of "them". That makes you retarded, in my professional opinion.

In my opinion, that makes you a freak.  Only buying things with a positive ROI. I guess you don't own a car, nor a TV, neither do you go to the movies. Nice life.

Seriously? You're going to try to say that because other stuff doesn't ROI, GHs purchased on cex.io don't have to either? That's actually your angle here?

Okay, this should be fun:

Cars and televisions serve a specific utility purpose. What utility purpose, pray tell, do GHs shares on cex.io serve?
sr. member
Activity: 447
Merit: 250
January 25, 2014, 09:23:10 PM
#46
LOL, I would bet on there being plenty of what you call math challenged ppl still around or what I call normal people, after all, if people bought things just based on math and ROI the economy of every free country in the world would come to a screeching halt. It would be the end of free enterprise.

Well, I think we've discovered the problem! If those people are what you call "normal", you're most probably one of "them". That makes you retarded, in my professional opinion.

In my opinion, that makes you a freak.  Only buying things with a positive ROI. I guess you don't own a car, nor a TV, neither do you go to the movies. Nice life.
member
Activity: 98
Merit: 10
Village Idiot
January 25, 2014, 08:55:44 PM
#45
LOL, I would bet on there being plenty of what you call math challenged ppl still around or what I call normal people, after all, if people bought things just based on math and ROI the economy of every free country in the world would come to a screeching halt. It would be the end of free enterprise.

Well, I think we've discovered the problem! If those people are what you call "normal", you're most probably one of "them". That makes you retarded, in my professional opinion.
newbie
Activity: 14
Merit: 0
January 25, 2014, 05:50:18 PM
#44

These guys say that a 25% pool is enough for an attack.

Were they proved wrong?

Those guys assume the 25% pool is extremely lucky during the attack...

What about the 33% attack?

I couldn't find information about this in the forum.
sr. member
Activity: 447
Merit: 250
January 25, 2014, 02:43:59 PM
#43
You can't compare the price of ghs per ghs of Antminer S1 180 ghs machine to the price you pay to buy a single ghs unit. You got it all wrong. If you want to compare 1 ghs to antminer you have to compare it to the Antminer U1 1.6 ghs USB stick, not to a 180 ghs machine. CEX is not for people that want to buy 200 ghs, unless you are great at trading, it's for people that want to buy a few from them without the hassle of equipment, software, reselling a physical product that its almost worthless in 3 months retarded greedbags who can't do math and don't mind losing BTC in an epic scam, etc. etc. It is also for people to point their miners at ghash..
and if you are smart, you can actually mine for free at cex...the price has not moved much in 3 weeks...that is 3 weeks of free mining as in Zero cost.

Fixed that for you.

lol, do you have any evidence that they are a scam? oh you are very smart you probably buy directly from BFL. Or maybe you did your wiz math and just bought one of these?
https://bitcointalk.org/index.php?topic=429513.0;all
You are going to get great ROI.LOL

Buying pre-ordered hardware is a speculation on when(or even if) they ship...
Buying GH/s is a speculation of number of math challenged ppl still around when u wanna sell...

^ This is assuming u are not hobyist.

LOL, I would bet on there being plenty of what you call math challenged ppl still around or what I call normal people, after all, if people bought things just based on math and ROI the economy of every free country in the world would come to a screeching halt. It would be the end of free enterprise.
sr. member
Activity: 322
Merit: 250
Supersonic
January 25, 2014, 02:34:56 PM
#42
You can't compare the price of ghs per ghs of Antminer S1 180 ghs machine to the price you pay to buy a single ghs unit. You got it all wrong. If you want to compare 1 ghs to antminer you have to compare it to the Antminer U1 1.6 ghs USB stick, not to a 180 ghs machine. CEX is not for people that want to buy 200 ghs, unless you are great at trading, it's for people that want to buy a few from them without the hassle of equipment, software, reselling a physical product that its almost worthless in 3 months retarded greedbags who can't do math and don't mind losing BTC in an epic scam, etc. etc. It is also for people to point their miners at ghash..
and if you are smart, you can actually mine for free at cex...the price has not moved much in 3 weeks...that is 3 weeks of free mining as in Zero cost.

Fixed that for you.

lol, do you have any evidence that they are a scam? oh you are very smart you probably buy directly from BFL. Or maybe you did your wiz math and just bought one of these?
https://bitcointalk.org/index.php?topic=429513.0;all
You are going to get great ROI.LOL

Buying pre-ordered hardware is a speculation on when(or even if) they ship...
Buying GH/s is a speculation of number of math challenged ppl still around when u wanna sell...

^ This is assuming u are not hobyist.
sr. member
Activity: 447
Merit: 250
January 25, 2014, 02:15:04 PM
#41
You can't compare the price of ghs per ghs of Antminer S1 180 ghs machine to the price you pay to buy a single ghs unit. You got it all wrong. If you want to compare 1 ghs to antminer you have to compare it to the Antminer U1 1.6 ghs USB stick, not to a 180 ghs machine. CEX is not for people that want to buy 200 ghs, unless you are great at trading, it's for people that want to buy a few from them without the hassle of equipment, software, reselling a physical product that its almost worthless in 3 months retarded greedbags who can't do math and don't mind losing BTC in an epic scam, etc. etc. It is also for people to point their miners at ghash..
and if you are smart, you can actually mine for free at cex...the price has not moved much in 3 weeks...that is 3 weeks of free mining as in Zero cost.

Fixed that for you.

lol, do you have any evidence that they are a scam? oh you are very smart you probably buy directly from BFL. Or maybe you did your wiz math and just bought one of these?
https://bitcointalk.org/index.php?topic=429513.0;all
You are going to get great ROI.LOL
member
Activity: 98
Merit: 10
Village Idiot
January 25, 2014, 11:16:41 AM
#40
You can't compare the price of ghs per ghs of Antminer S1 180 ghs machine to the price you pay to buy a single ghs unit. You got it all wrong. If you want to compare 1 ghs to antminer you have to compare it to the Antminer U1 1.6 ghs USB stick, not to a 180 ghs machine. CEX is not for people that want to buy 200 ghs, unless you are great at trading, it's for people that want to buy a few from them without the hassle of equipment, software, reselling a physical product that its almost worthless in 3 months retarded greedbags who can't do math and don't mind losing BTC in an epic scam, etc. etc. It is also for people to point their miners at ghash..
and if you are smart, you can actually mine for free at cex...the price has not moved much in 3 weeks...that is 3 weeks of free mining as in Zero cost.

Fixed that for you.
hero member
Activity: 798
Merit: 1000
www.DonateMedia.org
January 25, 2014, 06:34:50 AM
#39
With the coming multi-million dollar Bitcoin mines, there will be a big offset soon enough.
sr. member
Activity: 447
Merit: 250
January 24, 2014, 09:52:12 PM
#38
for me it is the single reason for staying with cexio and that's the equipment being maintained by them, buying equipment is very expensive now and you don't see an ROI for a long time, by which time the difficulty is always increasing.

I dont understand on what basis do people buy GH/s on cex.io. 1 GH/s bought today at cex.io will make a total of ~0.01 BTC in its lifetime (assuming 30% difficulty jumps) and from mid may will actually start costing more in maintenance fee than it would mine.




For the same reason that people buy antminers etc etc is about the same amount per GHS

Are you telling me 0.012 is "about the same amount" as 0.046 ?

In fact even the current antminer price is also way expensive in ROI terms...

You can't compare the price of ghs per ghs of Antminer S1 180 ghs machine to the price you pay to buy a single ghs unit. You got it all wrong. If you want to compare 1 ghs to antminer you have to compare it to the Antminer U1 1.6 ghs USB stick, not to a 180 ghs machine. CEX is not for people that want to buy 200 ghs, unless you are great at trading, it's for people that want to buy a few from them without the hassle of equipment, software, reselling a physical product that its almost worthless in 3 months, etc. etc. It is also for people to point their miners at ghash..
and if you are smart, you can actually mine for free at cex...the price has not moved much in 3 weeks...that is 3 weeks of free mining as in Zero cost.
 Cheesy
full member
Activity: 137
Merit: 100
January 24, 2014, 08:58:35 PM
#37

In fact even the current antminer price is also way expensive in ROI terms...

Who believes in ROI?

Mining must be seen as an hobby unless btc prices skyrocket...



It's a smart move.

You don't kill a cash cow.
sr. member
Activity: 322
Merit: 250
Supersonic
January 19, 2014, 03:16:15 AM
#36
for me it is the single reason for staying with cexio and that's the equipment being maintained by them, buying equipment is very expensive now and you don't see an ROI for a long time, by which time the difficulty is always increasing.

I dont understand on what basis do people buy GH/s on cex.io. 1 GH/s bought today at cex.io will make a total of ~0.01 BTC in its lifetime (assuming 30% difficulty jumps) and from mid may will actually start costing more in maintenance fee than it would mine.




For the same reason that people buy antminers etc etc is about the same amount per GHS

Are you telling me 0.012 is "about the same amount" as 0.046 ?

In fact even the current antminer price is also way expensive in ROI terms...
sr. member
Activity: 322
Merit: 250
Supersonic
January 19, 2014, 03:13:19 AM
#35
Why don't we just petition cex.io to split ghah.io into two separate pools?  Would that not solve the problem?

There no problem, 55% of what is reported as Ghash.io is not their hardware, but individual miners pointing their hardware to ghash. So they only have about 17% hashing power

Does not matter whose hardware provides the hash. The problem is that a single entity controls the hashrate. By mining at a pool, the pool operator controls the hashrate. The miners would mine whatever work the pool sends them to.
sr. member
Activity: 447
Merit: 250
January 19, 2014, 03:00:44 AM
#34
for me it is the single reason for staying with cexio and that's the equipment being maintained by them, buying equipment is very expensive now and you don't see an ROI for a long time, by which time the difficulty is always increasing.

I dont understand on what basis do people buy GH/s on cex.io. 1 GH/s bought today at cex.io will make a total of ~0.01 BTC in its lifetime (assuming 30% difficulty jumps) and from mid may will actually start costing more in maintenance fee than it would mine.




For the same reason that people buy antminers etc etc is about the same amount per GHS
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